How Government Policy Impacts Our Lives

2020 Vision: How to Fix the Next Ten Years in Ten Steps : Step Three

3. Secure the southern border within six months. Start by using significant manpower, and then reduce the numbers as the fence is completed and technology is added. Create a way for those who are here illegally to have a path to citizenship which has real costs for them and punishes those who knowingly hire them, and then reform the system to encourage the best and the brightest to come to America.

Advice to current Economic Policy Makers: Take a Hayek

Where has F.A. Hayek been all my life? Thanks to our sons, I'm reading The Road to Serfdom, written by Hayek when he was at the LSE in 1944. Hundreds of thousands of copies have been read since then, but even though I was an Econ major in 1968, somehow I missed his work, other than as a footnote in an introductory class. Apparently not much has changed in how Hayek's views are generally taught: our son just graduated with an Econ major, and only by taking a special class with a specific...

2020 Vision: How to Fix the Next Ten Years in Ten Steps : Step Two

2. Above a floor of minimum untaxed income, set the personal income tax at 19% for families with children. The rate for singles and couples without children will be slightly higher. The tax will be the same on all forms of income, with no deductions for mortgages, charities, depreciation, etc. Those with high incomes will not be able to shelter their income, and everyone should have more money to spend. This will be the first step toward simplifying taxes and significantly reducing the IRS.

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